In that sense, office spaces will not disappear but rather will evolve to cater for new working patterns. Home-working will become a mainstream part of the working lives of many professionals, and organisations will use it to accelerate organisational change, raise productivity via technology, and retain talent through new working styles.
As Covid continues into 2021 — it is now 20 months since Asians started wearing masks — a couple of research teams have found out that offices will still be needed.
Last year, Allianz Real Estate’s research team undertook a major global study across 50-plus cities, examining the impact of working from home (WFH) and the resilience of the office sector. They concluded that while working from home will change how companies use office space as they are balancing organisational connectivity and resilience, physical offices will remain a cornerstone of any corporate culture, despite the trend towards more remote working in the long term.
